Category: Cannabis
-
GONE: CannTrust (TRST.V) execs bounced by board after 3 Stooges-like revelations of stupidity
We may never know whether it was the brazen hubris of doing a promotional video in front of an unlicensed grow room filled with illegal plants, or if it was the email trail the Globe and Mail discovered yesterday that showed top brass at CannTrust (TRST.V) were not only aware the company was growing illegal…
-
CannTrust (TRST.T) executives should go to jail: Emails show deliberate criminality
There’s a difference between incompetence and criminality. Incompetence is “What? That’s weed? I thought those were tomato seeds!” Criminality is “1) RG8 is not licenced but has plants in it; 2) RG9 is not licenced but we are intending to put plants in it on Monday; 3) PA2A-E are not licenced but we have moved…
-
‘The Plant’ by Westleaf (WL.V) gets first cannabis derivatives contract, and it’s huge
Three weeks after we introduced The Plant by Westleaf (WL.V), the state-of-the-art production facility located in Calgary, the company secured its first major contract to supply cannabis derivatives products. Under the contract, Westleafw will supply approximately CAD$4 million worth of the good stuff to Delta 9 (NINE.V), a vertically-integrated cannabis company located in Winnipeg, Manitoba. Delta…
-
![Indignation over indigenous weed sellers: Biome Grow (BIO.C), Westleaf (WL.V)]()
Indignation over indigenous weed sellers: Biome Grow (BIO.C), Westleaf (WL.V)
Years ago, I worked on Vancouver’s skid row as a para-professional social worker. Thirty percent of my clients were indigenous peoples. I remember one stoic Haida man dying from AIDS who told me that four of his siblings had already died from alcoholism and misadventure. Being forcibly removed from your home, forbidden to speak to…
-
What the FDA thinks of Curaleaf (CURA.C), the ‘world’s largest cannabis co.’
On July 22, 2019, the U.S. Food and Drug Administration (FDA) sent a warning letter to Curaleaf Holdings (CURA.C) via overnight delivery. The message was plain: Four of the company’s CBD-infused products are “in violation of sections 505(a) and 301(d) of the Federal Food, Drug, and Cosmetic Act,” and Curaleaf’s CBD products for pets are “unapproved new…
-
Flowr (FLWR.V) tries again after canceled high priced financing kills stock, walks into same pole
We’re seeing a lot of cannabis companies inflicting friendly fire on themselves these past few months, as companies dependent on big financings find the market isn’t as enamored with growth at all costs as they are. We’ve seen big write downs based on assets purchased with debentures that later convert to shares at unhelpful prices,…
-
CannTrust (TRST.C) committee continues Pelham investigation as the sector watches
The investigation via special committee of CannTrust Holdings’ (TRST.C) non-compliance with Health Canada mandated regulations is ongoing, with further information regarding the committee’s membership now available. On July 11, 2019, the committee was appointed by CannTrust’s board of directors to examine how the company’s Pelham, Ontario, facility came to violate Health Canada guidelines. CannTrust’s Pelham…
-
![GTEC Holdings (GTEC.C) snares Canopy Growth (WEED.T) grow facility in BC for $13m]()
GTEC Holdings (GTEC.C) snares Canopy Growth (WEED.T) grow facility in BC for $13m
As Canopy Growth Corp (WEED.T) retools in the wake of CEO Bruce Linton’s firing earlier this month, buzz on Cannabis Street was that there’d be assets flipped to help get the weedzilla back to its core business. Today we saw the first volley as GTEC Holdings (GTEC.C) bought a Kelowna, B.C. expansion site from Canopy…
-
Pasha Brands (CRFT.C) targets Ontario for craft cannabis expansion
Craft cannabis aggregator Pasha Brands (CRFT.C) is planning to enter Canada’s largest consumer market. On Monday, Pasha Brands announced it has submitted a formal application to the Ontario Cannabis Store (OCS) to bring its collection of isolates, cannabis oils, vape pens, craft cannabis flower and CBD-infused skin care products to the province. The OCS claims…
-
Berz-Erka: Livewell unhalts after 8 months as Eureka 93 (ERKA.C), rolls back 15:1, loses 90% of its value
We talked to the folks behind Livewell a lot, back in the day. Seemed a good deal, certainly a team that talked a good game. Even bought a little personally. But there was always a coda attached. The projections and plans were big. Maybe too big. Here’s me, the first time I covered them. Little…
